A big Brooklyn auction was held this Tuesday, and the surprising bid of the day was 463 86th Street, pictured above. Says a tipster: “463 86th Street starting bid was $1.6m. 4 sharks bid against each other and it went for the high price of $2,820,000. It’s 2006 all over again. I believe that the bidder was a front guy for Thor equities Joe Sitt.” A real estate blog confirms, and says it was the smallest purchase for Thor in NYC. The buyer was vague about development plans; right now it’s a modest building with a clothing store on the ground floor and an apartment on the second level. Of the 16 properties on the auction block, all but three were claimed. The minimum bid for the 13 purchased properties was $6.777 million, $7.225 million came in. 163A Halsey Street was picked up for $415,000, 244 Hawthorne Street for $475,000, and 151 Prospect Avenue for $340,000. See the full list of sales here.
True bidding war erupts at auction in Brooklyn [Malcolm Carter]
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The Brooklyn Greenway is expanding to Columbia Street between Degraw and Kane, and a desolate stretch of waterfront is about to get much greener. There’s already a protected bike lane on Columbia Street, but the Brooklyn Greenway Initiative is going to begin landscaping the first part of the Columbia Waterfront Park. They’re looking for enthusiastic […]
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Brooklyn, one building at a time. Name: Row houses Address: 409-417 Grand Avenue Cross Streets: Gates and Putnam Avenues Neighborhood: Clinton Hill Year Built: 1909 Architectural Style: Colonial Revival Architect: John J. Petit of Kirby, Petit & Greene Other work by architect: Houses in Prospect Park South and other Victorian Flatbush neighborhoods, commissioned homes in […]
The permanent signage for Nordstrom Rack and T.J.Maxx went up on the front on the Offerman Building at 505 Fulton Street last week. Nordstrom Rack is prepping for its opening next week on Thursday, May 1. T.J.Maxx is still “coming soon” — and it probably will be soon. We saw an ad on a bus […]